Analyst Kamran Asgar warns that Bitcoin recently surged to $94,000, but the lack of strong on-chain activity makes it difficult to support a move towards $100,000. Key indicators such as trading volume and active addresses remain subdued, reflecting cautious investor sentiment and profit-taking consolidation. In the past, Bitcoin's price continued to rise to $60,000 and $70,000 thanks to strong network engagement, but the current price increase lacking such fundamental support carries a risk of correction.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Analyst Kamran Asgar warns that Bitcoin recently surged to $94,000, but the lack of strong on-chain activity makes it difficult to support a move towards $100,000. Key indicators such as trading volume and active addresses remain subdued, reflecting cautious investor sentiment and profit-taking consolidation. In the past, Bitcoin's price continued to rise to $60,000 and $70,000 thanks to strong network engagement, but the current price increase lacking such fundamental support carries a risk of correction.